Dip in exports, looming deflation: Why China’s economy is in trouble

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Key Points

China is likely to report rapid economic expansion for the second quarter, although underlying figures will reveal a more challenging picture.S)..

GDP likely grew 7.1% for the quarter on a year-over-year basis, up from 4.5% in the previous period, according to economists surveyed by Bloomberg..

Monthly data for industrial production, retail sales and fixed investment all scheduled for Monday are expected to show a marked slowdown in June..

All economists surveyed by Bloomberg predict the PBOC will keep the rate on its one-year policy loans unchanged at 2.65% on Monday, while some expect a small net injection of funds...

Elsewhere, a pivotal UK inflation number will help signal the size of the next rate move, retail sales take center stage in the US, and central-bank decisions from Turkey to South Africa may deliver some drama..

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